Wellington Management expands European presence with new office in Milan
Office opening demonstrates Wellington’s commitment to Italian investors and gives them greater access to the firm’s diverse range of innovative solutions
London, Milan – 8 FEBRUARY 2021 – Wellington Management, one of the world’s largest independent global investment management firms, today underscored its commitment to the Italian market with the opening of a new office in Milan.
The new office will be headed by Erich Stock, a Managing Director at Wellington and country head of Italy. Erich grew up in Rome and has over 32 years’ investment management experience with Italian, French and Iberian investors. He will spearhead Wellington’s growth in Italy, working closely with an experienced client relationship management team that has extensive knowledge of servicing Italian clients. The firm’s Italian-speaking specialists also include members of the Sales and Relationship Management, Client Servicing and Marketing teams.
Wellington has been operating in Italy since the early 2000s, supporting domestic investors such as pension funds, insurance companies, asset managers and the intermediary segment through sub-advisory mandates, as well as offering its own UCITS fund range. The firm’s investment approaches span nearly all segments of the global capital markets, including equity, fixed income, multi-asset and alternative strategies.
“We’re delighted to be opening an office in Italy. Wellington Management is a global player with local footprints in most of the markets where we operate. Having served the Italian market for the past 20 years, we recognise the importance of deepening our commitment to further support our local client base,” said Erich. “As one of the largest subadvisors in the world, we believe we’re well positioned to cater to the Italian market, where sub-advisory is gathering increasing traction. We look forward to being closer to our clients in order to strengthen and develop relationships.”
Stefan Haselwandter, Senior Managing Director and Head of the firm’s Client Group, said: “Our mission is to exceed the investment objectives and service expectations of our clients, and our new office in Italy allows us to carry out that promise. This is a priority market for us, and we’re pleased that investors here will now have greater access to our knowledge, investment solutions and client teams. This move represents the next step in Wellington’s long-term commitment to serving and growing its local presence in key markets across Europe.”
The new office is located at Via Dante 7, Milan.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,200 institutional and private clients in more than 60 countries and managing over USD1 trillion of assets. As a private partnership whose only business is investment management, the firm is able to align its long-term views and interests with those of its clients. The firm offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. With more than 800 investment professionals located in offices around the world, Wellington pairs deep multi-disciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment. For more information, please visit www.wellingtonfunds.com/Italia.
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For professional investor/trade press only. This press release is provided by Wellington Management Europe GmbH, a firm authorised and regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin). It is provided for informational purposes only for journalists and media professionals only and is not intended to constitute a financial promotion.